Located on the Ipswich Road as you arrive in Norwich sits the Oak Tree Norwich. This traditional site beautifully combines both a destination and neighbourhood offering with its local Chimney pots and a spacious car park.
On entering the pub from the central main entrance you are greeted with a large open plan trading area with space for 100 plus covers that leads into a Conservatory with opportunity for private dining and functions for up to 30 covers.
The Garden is set up beautifully for multiple trading functions with space for 70 plus covers and 12 sport showing screens across external and internal. With an additional secret garden at the rear of the property. The private accommodation is set over two floors including 3 bedrooms and staff facilities.
Forecast Turnover: £889,856.46
Year 1 Rent: £0.00
Guide Rent: £70,000.00
Initial Deposit: £0.00
Full Deposit: £17,500.00
Full Tie Release: £65,500.00
Agreement Fee: £750.00
Repair Fund: £2,500.00
Fixtures & Fittings: £30,000.00
Working Capital: £39,000.00
Stock & Glassware: £10,000.00
Cash Float: £2,000.00
Forecast Wet Turnover: £378,158.83
Forecast Dry Turnover: £511,697.63
Forecast Other Turnover: £0.00
The Oak is a fantastic opportunity for a publican who is ready to drive a food offering that the community strongly desires. Combining this with localised events and outreach and you have a landmark in the making.
Although ready to go as a “turnkey operation” this site could also be considered a blank canvas and a great opportunity to change the offering, it is an opportunity not to be missed! Due to the high level of interest expected, I strongly recommend that you contact me promptly to avoid any disappointment.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.
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